Country records over 7 billion USD trade deficit from ASEAN countries
Thursday, 29/07/2021 16:16 (GMT+7)
(CPV) - Vietnam’s trade deficit from ASEAN markets in the first half of 2021 reached 7.3 billion USD, much higher compared to the 3.2 billion USD of the same period last year, according to the latest data of the General Department of Vietnam Customs.
Illustrative photo. (Source: CPV)
In the first 6 months, the country’s exports to ASEAN markets reached 13.9 billion USD, a year-on-year increase of 28.2%. The ASEAN market accounted for 8.8% of the country’s total export turnover, larger than the Republic of Korea (6.5%) and Japan (6.4%).
Meanwhile, imports recorded higher growth. Specifically, import turnover from the markets reached 21.2 billion USD during the period, a year-on-year rise of 50.5%, accounting for 13.3% of the country’s total.
Notably, the two largest automobile import markets of Vietnam in recent years have been Thailand and Indonesia.
Vietnam had a trade deficit with most countries in ASEAN. However, the Philippines alone enjoyed a trade surplus of more than 1 billion USD. The country mainly exported rice to the market with an output of nearly 1.1 million tons, valued at nearly 580 million USD./.
BTA
Tags: